In the News

Cypress News, Articles & Announcements

Want to follow Cypress Benefit Administrators in the news and see what this TPA has been up to? Check out the following articles.

 

  • Cypress Benefit Administrators Adds National Sales Director to its TPA Team
    (As seen on HR.com, Star Tribune and other major media websites)
    News Release – August 11, 2016
    Joining the team at Cypress Benefit Administrators, Tami Eddie has been hired as the TPA’s National Sales Director. Eddie will work from the Omaha location with a focus on developing new business and implementing health benefit solutions on behalf of brokers and employer-clients. Read More.
  • TPA Contains Average Medical Plan Cost Increase to Just 2.05% for its Employer-Clients
    (As seen on Los Angeles Daily News, Sun Herald and other major media websites)
    News Release – July 11, 2016
    Releasing its annual cost data trends report, Cypress Benefit Administrators shares that it was able to contain the average increase of its medical plan costs to 2.05% for 2015 while the national average went up more than twice as much. The TPA also provides PEPM and PEPY stats for the year and explains the long-term success it’s had in controlling employee benefit expenses since 2008. Read More.
  • Wisconsin TPA Recognized Again for Exemplary Workplace Wellness Efforts
    (As seen on Pittsburgh Post-Gazette, The Miami Herald and other major media websites)
    News Release – June 6, 2016
    Recognized for providing employees with an exceptional wellness program, Cypress Benefit Administrators recently received a Corporate Wellness Award from New North B2B. Cypress explains how an emphasis on employee wellness has resulted in a healthier workforce and reduced benefit costs by 13% since first launching the program. Read More.
  • Cypress Benefit Administrators & WEA Trust Partner to Provide Self-Funded Product for Public Employers
    (As seen on International Business Times, Lexington Herald-Leader and other major media websites)
    News Release – May 31, 2016
    Cypress Benefit Administrators and WEA Trust have formed a strategic partnership to offer a new self-funded product to public employer groups. The Wisconsin-based organizations plan to introduce this custom solution to the market on September 1. Read More.
  • Reference-Based Pricing Model Results in 60+% Savings for TPA Clients
    (As seen on Insurance News Net, Kansas City Star and other major media websites)
    News Release – May 9, 2016
    Cypress Benefit Administrators explains how a referenced-based pricing (RBP) model is helping employer-clients determine fair pricing by medical procedure and benefit from added cost transparency. The TPA also shares the successes of RBP realized to date with some companies saving more than 60% on health claim costs. Read More.
  • President & CEO of TPA Firm to Speak about the Future of Healthcare at Upcoming Conference
    (As seen on The Boston Globe, Lexington Herald-Leader and other major media websites)
    News Release – April 25, 2016
    Tom Doney, president and CEO of Cypress Benefit Administrators, is scheduled to make his fourth consecutive speaking appearance at the annual LBG Advisors Benefits Symposium when it returns to Las Vegas in May. Drawing on his experience with a TPA firm, Doney will present “The Immediate Future of Healthcare in America.” Read More.
  • TPA’s Fifth Annual Conference Shares Solutions & Strategies for Realizing Savings with Self-Funding
    (As seen on HR.com, Bio-Medicine and other major media websites)
    News Release – April 11, 2016
    Cypress Benefit Administrators wrapped up another successful conference in Las Vegas last week covering ways to contain the rising costs of employee health plans. The popular Cypress University was back in session for two days with presentations, panels and networking opportunities that connected employers and brokers with some of the top minds in the self-funding industry. Read More.
  • Self-Funding Conference Now in Session as Cypress University Returns to Las Vegas
    (As seen on Los Angeles Daily News, Wichita Eagle and other major media websites)
    News Release – April 4, 2016
    Returning to Las Vegas for the fifth consecutive year, Cypress University kicked off today with more than 250 participants in attendance. The two-day cost containment conference will cover self-funding topics that range from patient advocacy and medical tourism to employee assistance programs (EAPs) and captive insurance options. Read More.
  • TPA Finds Member Education an Effective Way to Help Combat Rising Prescription Costs
    (As seen on The Miami Herald, International Business Times and other major media websites)
    News Release – March 8, 2016
    As specialty drugs now outnumber traditional ones and prescription use rates rise, Cypress Benefit Administrators is partnering with Magellan Health to help employer-clients control the prescription costs associated with their health plans. The Magellan Rx Management program emphasizes employee education and incorporates creative, innovative technology to inform and actively engage members in managing their health care choices. Read More.
  • Individualized Outreach Successful as TPA Helps Employers Contain Chronic Kidney Disease Costs
    (As seen on Star Tribune, Kansas City Star and other major media websites)
    News Release – February 2, 2016
    Offering a chronic kidney disease (CKD) management program, Cypress Benefit Administrators has helped its employer-clients realize more than $275,000 in savings over an 18-month period. Cypress partners with Renalogic to provide six individualized CKD plans that focus on outreach, education and intervention. Read More.
  • TPA Announces Successful Outcomes Achieved through Partnership with Innovative Onsite Medical Program
    (As seen on The Boston Globe, Pittsburgh Post-Gazette and other major media websites)
    News Release – December 21, 2015
    With a continued focus on ways to control the costs of employee benefit plans, Cypress Benefit Administrators announces its partnership with Activate Healthcare in offering onsite medical services. The TPA shares how its employer-clients are benefiting from this collaboration in terms of added savings as well as improved quality and patient outcomes. Read More.
  • New Video Series Shares Strategies & Solutions for Controlling Employee Benefit Costs
    (As seen on HR.com, Lexington Herald-Leader, Star Tribune and other major media websites)
    News Release – October 27, 2015
    Cypress Benefit Administrators launched a new video series on its website that features presentations and panels from its Cypress University 2015 cost containment conference. The 11 videos focus on ways for employers to keep climbing health plan expenses in check, and cover topics ranging from prescription cost management to on-site medical care. Read More.
  • TPA Cracks Down on Forbidden Tactics Used by Out-of-Network Surgical Centers
    (As seen on International Business Times, NewsOK and other major media websites)
    News Release – September 3, 2015
    In reviewing recent health claims, Cypress Benefit Administrators and its Argus Claim Review division have found an increase in unlawful practices being used among out-of-network surgical centers. Here, the third party administrator shares examples of these situations and how it is addressing them to save health plans across the U.S. thousands of dollars. Read More.
  • Wisconsin TPA Lands Near Top of Leaderboard in Activity Challenge Tied to Wellness Efforts
    (As seen on Bio-Medicine, The Miami Herald and other major media websites)
    News Release – July 8, 2015
    Cypress Benefit Administrators finished in third place after participating in the Wellness Council of America’s first Top 100 Active Companies challenge in Wisconsin. The TPA implemented a coordinated wellness program four years ago and has experienced a 15% savings in its overall health plan costs since… Read More.
  • TPA Offers Clients Solution for More Cost-Effective Diagnostic Testing, Results in Average Savings of 60%
    (As seen on Los Angeles Daily News, The Boston Globe and other major media websites)
    News Release – May 28, 2015
    Cypress Benefit Administrators has formed a partnership with One Call Care Management to contain the costs of diagnostic imaging on behalf of its clients. Through this collaboration, those who choose to participate have experienced an average savings of 60% on advanced testing procedures like MRIs, CT scans and PET scans.. Read More.
  • TPA’s Annual Cost Containment Conference Is Another Success as Attendees Learn about Strategies for Self-Funding
    (As seen on International Business Times, Pittsburgh Post-Gazette and other major media websites)
    News Release – April 24, 2015
    Bringing employer-clients and brokers together since 2012, Cypress University was presented to its largest crowd yet when it returned to Las Vegas from April 20-21. The cost containment conference covered self-funding topics ranging from prescription drug expenses and captive insurance plans to chronic kidney disease (CKD) management and patient advocacy. Read More.
  • Cypress University Returns to Las Vegas with Focus on Cost Containment Strategies for Employee Benefits
    (As seen on Insurance News Net, JS Online/Milwaukee Journal Sentinel and other major media websites)
    News Release – April 20, 2015
    Bringing employer-clients and brokers together with some of the top minds in the self-funded industry, Cypress University has returned to Las Vegas. The annual two-day conference from Cypress Benefit Administrators covers the latest cost containment solutions and strategies as they relate to employee benefits. Read More.
  • Co-Founder of Cypress Benefit Administrators Named CEO/Executive of the Year by Media Group in Wisconsin
    (As seen on The Boston Globe, News OK and other major media websites)
    News Release – March 25, 2015
    The leader of Cypress Benefit Administrators since 2000, Tom Doney was recently named the CEO/Executive of the Year by Post-Crescent Media. He explains how the company first started and how it has grown to become such a successful TPA today. Read More.
  • Third Party Administrator Welcomes New Account Executive to its Appleton Headquarters
    (As seen on The Miami Herald, International Business Times and other major media websites)
    News Release – March 12, 2015
    Bringing 30+ years of business experience to her new role, Mary Flannery has joined Cypress Benefit Administrators and its team of account executives. Mary’s responsibilities will include everything from serving as a main point of contact for employer-clients and working with broker partners, to implementing new business and managing the annual renewal process.  Read More.
  • President & CEO of Cypress Benefit Administrators Named SPBA’s Chairman of the Board
    (As seen on the Star Tribune, the Sun Herald and other major media websites)
    News Release – February 25, 2015
    The president and CEO of Cypress Benefit Administrators, Tom Doney has been appointed as the chairman of the national board of directors for the Society of Professional Benefit Administrators (SPBA). Doney looks forward to this leadership role with the SPBA and its member base of third party administrators, and he will serve in the position through 2015. Read more.
  • TPA Issues Refresher on ACA’s Shared Responsibility Payments for Employers Now that Regulations Are in Effect
    (As seen on JS Online/Milwaukee Journal Sentinel, Sign On San Diego and other major media websites)
    News Release – January 27, 2015
    A third party administrator (TPA) serving all 50 states, Cypress Benefit Administrators is helping employers understand the shared responsibility (pay or play) requirements within the Affordable Care Act (ACA) now that they have taken effect for plan years beginning on or after January 1, 2015. Read more.
  • Growing Midwest-Based Third Party Administrator Launches New User-Focused Website
    (As seen on The Boston Globe, The Wichita Eagle and other major media websites)
    News Release – January 15, 2015
    Designed to better serve its growing base of clients and partners, Cypress Benefit Administrators recently launched a new, more user-focused website. Highlights of the upgrade include more employee benefit resources and simplified access by user type as well as a one-stop Knowledge Center and new blog from Tom Doney, company president and CEO. Read more.
  • Out-of-Network & Medical Necessity Reviews among Top Ways TPA Identifies Significant Medical Claim Savings
    (As seen on BioPortfolio, News OK and other major media websites)
    News Release – December 17, 2014
    Cypress and its Argus Claim Review division uncovered more than $6 million in savings on behalf of employer-clients last year. In analyzing all of the results from its assessment process, Argus found that out-of-network and medical necessity reviews were among the most common ways to identify savings on medical claims. Read more.
  • TPA Keeps Annual Medical Plan Cost Increase to an Average of 1.3% for its Employer-Clients
    (As seen on International Business Times, The Miami Herald and other major media websites)
    News Release – November 21, 2014
    After releasing its latest employer medical plan cost comparison online, Cypress Benefit Administrators demonstrates its continued success in containing employee benefit expenses year after year. The TPA reports an average plan cost increase of just 1.3% for 2013 compared to a 6.4% average increase nationally. Read more.
  • TPA Finds Major Discrepancies in Hospital Billing Patterns, Saves Clients a Combined $120,000+ in New Case Study (As seen on JS Online/Milwaukee Journal Sentinel, LA Daily News and other major media websites)
    News Release – October 28, 2014
    In a recent case study, Cypress and its Argus Claim Review division show how careful analysis of medical claims can significantly contain costs. The TPA shares how two very similar cases were charged quite differently and how catching and addressing the overcharges in hospital billing led to a combined savings of $120,000. Read more.
  • Third Party Administrator Introduces Video Series on Cost Containment Strategies for Employee Benefits (As seen on Worth Magazine, StarTribune and other major media websites)
    News Release – October 14, 2014
    Based on information-packed presentations from Cypress University 2014, Cypress Benefit Administrators recently added a new video series to its website that covers cost containment strategies for employee benefit plans. The topics covered focus on self-funded plans and range from telemedicine and dialysis cost control to stop loss insurance and employee wellness programs. Read more.
  • Patient-Doctor Visits Continue to Evolve with Innovative Telemedicine Services Offered through Third Party Administrator (As seen on The Boston Globe, Pittsburgh Post-Gazette and other major media websites)
    News Release – September 4, 2014
    Through a partnership with Teladoc, Cypress Benefit Administrators offers its employer-clients state-of-the-art telemedicine services that feature 24/7 access to physician consultations in non-emergency situations. These patient-doctor visits are done by phone or video using the latest technology and provide users a new level of convenience and flexibility while limiting many of the extra expenses associated with urgent care. Read more.
  • Third Party Administrator Forms Proactive Partnership to Help Protect Members from the Costly Consequences of Medical Identity Theft (As seen on the Lexington Herald-Leader, International Business Times and other major media websites)
    News Release – July 28, 2014
    Medical identity theft (MIT) has become the fastest-growing form of identity-related crimes in the United States with nearly two million people affected by it in 2013 and associated costs reaching more than $40 billion. Cypress Benefit Administrators has partnered with ICR Bridge to take a proactive approach to this problem and offer its members state-of-the-art MIT resolution services. Read more.
  • TPA Helps Employers Understand Common Documentation Requirements as the Number of DOL Health Plan Audits Increases (As seen on Insurance News Net, NewsOK and other major media websites)
    News Release – June 19, 2014
    With the number of Department of Labor (DOL) health plan audits on the rise, Cypress Benefit Administrators serves as a resource in helping employers better understand the different types of documentation commonly reviewed in assessments. The third party administrator (TPA) shares information on documents related to administrative recordkeeping, the Affordable Care Act, HIPAA and more. Read more.
  • TPA Finds Ineligible Employee Coverage to be a Frequent Problem Cited with Health Benefit Plans & Provides 10 Tips for Employers to Avoid the Resulting Claim Costs (As seen on The Miami Herald, Anchorage Daily News and other major media websites)
    News Release – May 29, 2014
    Cypress Benefit Administrators explains how ineligible employee coverage has become a growing issue with health benefit plans and how it can affect employer-clients through costly claims. The third party administrator also shares 10 best practice tips for managing the details related to employee and dependent coverage. Read more.
  • TPA Hosts Successful Cypress University 3.0 and Introduces Next Generation Solutions for Cost Control in the Self-Funded Industry (As seen on LA Daily News, The Kansas City Star and other major media websites)
    News Release – April 17, 2014
    Held in Las Vegas for the third consecutive year, Cypress University 3.0 – the annual cost containment conference from Cypress – was presented to a full crowd April 14-15. Nearly 200 attendees took part in a variety of keynote presentations and interactive panel sessions as the TPA introduced several next generation solutions for controlling the expenses of employee benefits. Read more.
  • Cypress University 3.0 Kicks Off in Las Vegas, Conference to Cover Latest Cost Containment Strategies in Employee Benefits (As seen on International Business Times, The Boston Globe and other major media websites)
    News Release – April 14, 2014
    Back in session for the third year, Cypress University 3.0 kicked off in Las Vegas today with an all-new venue, schedule and line-up of presenters. The popular conference focuses on next generation solutions and strategies for cost containment in self-funded employee benefits. Read more.
  • Wisconsin-Based Third Party Administrator Earns Better Business Bureau Accreditation and Achieves A+ Rating (As seen on JS Online/Milwaukee Journal Sentinel, Worth Magazine and other major media websites)
    News Release – March 27, 2014
    Serving employer-clients in all 50 states, Cypress Benefit Administrators’ Appleton headquarters recently received accreditation from the Better Business Bureau (BBB) of Wisconsin. The third party administrator also earned an A+ rating from the BBB organization. Read more.
  • Employee Benefits Administrator Helps Employers Make Sense of Recent Deadline Changes to “Pay or Play” Portion of Affordable Care Act (As seen on Insurance News Net, The Boston Globe and other major media websites)
    News Release – February 20, 2014
    With more deadline changes to the shared responsibility (“pay or play”) requirements recently announced, Cypress Benefit Administrators continues to serve as a resource for employers affected by the Affordable Care Act. Cypress breaks down the timing set forth by the IRS as it relates to company size and offers other helpful details on the final ruling. Read more.
  • TPA Investigates Health Claim & Saves Client Over $15,000 on Surgery Billed at 700% More than Allowable Amount (As seen on Digital Media Wire, Sign On San Diego and other major media websites)
    News Release – January 30, 2014
    Cypress Benefit Administrators and its Argus Claim Review Division released a new case study that shows the importance of diligent health claim review. In this example, the client saved over 71% on an emergency appendectomy that a hospital originally billed at over $21,000. Read more.

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